What is Ynsect?
Founded in 2011 by scientists and environmental activists, Ynsect is pioneering a novel industry focused on harnessing the potential of mealworms for human and animal consumption, as well as for fertilizer applications. The company's innovative approach positions it as a leader in the burgeoning alternative protein sector, addressing global challenges related to food security and environmental sustainability. Ynsect's operations are geared towards realizing the full potential of insect farming, contributing to a more sustainable food system.
How much funding has Ynsect raised?
Ynsect has raised a total of $403.3M across 6 funding rounds:
Angel/Seed
$2.5M
Series A
$6.6M
Series B
$15.2M
Other Financing Round
$65M
Debt
$139M
Other Financing Round
$175M
Angel/Seed (2014): $2.5M with participation from Emertec Gestion and Demeter Partners
Series A (2015): $6.6M led by Emertec Gestion, New Protein Capital, and Demeter Partners
Series B (2016): $15.2M supported by VisVires Capital, Future Positive Capital, Demeter Partners, Bpifrance Ecotechnologies, Emertec, and New Protein Capital
Other Financing Round (2020): $65M featuring Upfront, Happiness Capital, Astanor Ventures, FootPrint, Supernova Invest, and Armat Group Capital
Debt (2020): $139M backed by Caisse des Dépôts, Caisse d’Epargne Hauts-de-France, and Crédit Agricole Brie Picard
Other Financing Round (2023): $175M, investors not publicly disclosed
Key Investors in Ynsect
Supernova Invest
Supernova Invest is a venture capital firm specializing in deeptech, providing expertise and patient capital to high-growth startups in sectors like Industrial Technologies, Digital, Healthcare, and Cleantech. They focus on supporting cutting-edge technologies developed by top scientists and entrepreneurs.
Emertec Gestion
Demea Sustainable Investment (formerly Emertec Gestion) is a European venture capital player focused on energy and ecological transition, investing in innovative startups and SMEs. They provide funding for projects at all stages of development, committed to responsible investment practices.
Demeter Partners
Demea Sustainable Investment (formerly Demeter Partners) is a significant European investor in venture capital, development capital, and infrastructure, with a strong focus on the energy and ecological transition. They support innovative companies and projects, integrating ESG principles into their investment strategy.
What's next for Ynsect?
With substantial backing, Ynsect is poised for significant expansion and further innovation in insect farming technology. The company's strategic investments are likely to fuel advancements in production scalability, research and development for new applications, and market penetration. This major enterprise-level funding signals confidence in Ynsect's business model and its capacity to lead the global insect protein market, potentially driving further growth and establishing new industry standards.
See full Ynsect company page
